NextEra Energy, Inc. $NEE Stake Trimmed by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,183 shares of the utilities provider’s stock after selling 598 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in NextEra Energy were worth $707,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. GAMMA Investing LLC lifted its holdings in shares of NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,459,000 after purchasing an additional 5,949 shares in the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of NextEra Energy by 3.3% in the first quarter. Flagship Harbor Advisors LLC now owns 29,269 shares of the utilities provider’s stock worth $2,075,000 after buying an additional 923 shares during the period. Finally, JFS Wealth Advisors LLC boosted its position in shares of NextEra Energy by 4.8% in the first quarter. JFS Wealth Advisors LLC now owns 4,809 shares of the utilities provider’s stock worth $341,000 after buying an additional 221 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.9%

NYSE:NEE opened at $83.97 on Wednesday. The company has a market capitalization of $172.92 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.87 and a beta of 0.66. The stock’s 50 day moving average price is $76.03 and its 200 day moving average price is $72.44. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. The company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s payout ratio is currently 79.37%.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,528 shares of company stock valued at $2,277,773 in the last quarter. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. HSBC dropped their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, July 11th. Evercore ISI set a $92.00 target price on NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Cowen began coverage on shares of NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, BTIG Research set a $98.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $88.38.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.